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250 LAKE POINTE DRIVE
About This Property
Designed for gathering, the home features an open kitchen, dining, and living area highlighted by a soaring vaulted wood ceiling and a dramatic floor-to-ceiling stone fireplace. With three primary suites, including two upper-level primary bedrooms with private balconies, there's plenty of space for family and guests to relax in comfort.
The lower level is built for entertaining with a spacious family room, wet bar, pool table, and a separate game room. Currently a strong vacation rental, this property offers an excellent opportunity to enjoy your own Deep Creek getaway while generating rental income. An unbeatable location with lake access, ski views, and year-round recreation at your doorstep! Truly "Location, Location, Location"
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017